Wednesday 2 September 2015
 
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net loss

Arabtec swings to $195m Q2 loss as costs rise

Dubai's largest listed construction firm Arabtec swung to a net loss of Dh718.3 million ($195.59 million) in the three months to June 30 as against a profit of Dh102.4 million ($27.88 million) in the corresponding period of 2014.

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Topaz Energy H1 profit plunges 114pc

Topaz Energy and Marine, a leading offshore support vessel company, posted a net loss of $3.1 million in the first six months (H1) of the year as against a profit of $21.9 million during H1 2014, a fall of 114.2 per cent. The comp

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Topaz Energy H1 profit plunges 114pc

Topaz Energy and Marine, a leading offshore support vessel company, posted a net loss of $3.1 million in the first six months (H1) of the year as against a profit of $21.9 million during H1 2014, a fall of 114.2 per cent. The comp

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Adnic swings to $81m loss in H1

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh299 million ($81.3 million) for the first half of 2015 compared to a net profit of Dh104 million for the same period in 2014. For the six month period ended

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Saudi Arabia's Tasnee slumps to Q2 net loss

Saudi Arabia's National Industrialisation Company (Tasnee) on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product sales prices and higher costs as it missed analyst forecasts.

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Qalaa Holding posts 67pc fall in Q3 net loss

Qalaa Holdings, one of Egypt's largest investment companies, on Sunday reported a third-quarter net loss after minority interests of EGP59.6 million ($8.34 million), a 67 per cent decline on the previous quarter. Qalaa has som

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Ithmaar bank narrows 2011 net loss

Bahrain-based Ithmaar Bank managed to cut its net loss last year to $61.9 million compared with $140 million for 2010. The 2011 results include a consolidated fourth-quarter loss of $68.6 million compared with a loss of $153.4 million for

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Damas sees $520m full-year net loss

Damas, a leading retail jeweller in the Middle East, said it made a full-year net loss of Dh1.91 billion ($520 million), after provisions and non-recurring charges of Dh1.9 billion. The company also saw a 31 per cent drop in its revenues.

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Aldar net loss hits $129.4m

Aldar Properties, Abu Dhabi's largest developer by market value, missed forecasts with a second-quarter net loss of Dh475.3 million ($129.4 million) hit by lower property sales and investment valuations. That was far worse than a loss of D

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Zain Saudi Q2 net loss down 26pc

Zain Saudi Arabia made a net loss of SR632 million ($168.5 million) in the second quarter, down 26 per cent from SR857 million a year earlier, its lowest quarterly loss since it started operations two years ago. The kingdom's newe

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